Market report: restructuring and insolvency
With inflation soaring and insolvencies at their highest level since the financial crisis, companies need to be ready to feel the pinch. Georgina Stanley and Elisha Juttla spoke to City restructuring partners to find out what in-house lawyers need to know.
Inflation has been soaring and interest rates are at their highest level in years – throw geopolitical uncertainty, an energy crisis and strike activity into the mix and it’s clear why UK businesses are facing a challenging time.
Against this backdrop, it’s little wonder that between April and June this year corporate insolvencies reached the highest quarterly level since Q2 2009, according to data from the Insolvency Service.
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